Nottingham Building Society fixed rate bonds feature:
- Bonds from 1 – 3 years available
- Minimum opening balance £500
- Maximum opening balance £750,000
- Fixed return on your investment
Nottingham Building Society fixed rate bonds offer you the opportunity to earn a guaranteed return on your savings. Most fixed rate bond accounts offer set terms that range between 6 months and 5 years. The length of the fixed term you choose may depend on the amount of savings you are able to invest and the level of the fixed rate of interest. Comparing different fixed rate bond deals is an important part of making sure you get yourself the best rate, so make sure to take a look at the comparison tables we have included on this page.
In addition to shopping around the different fixed rate bonds that might be available to you, you may also want to consider alternative saving plans such as;
An alternative to a fixed rate bond is a tracker bond; this type of bond has a variable interest rate so you cannot predict at the start what you will get back at the end of the bond’s term. A tracker bond’s interest rate is linked to the Base Rate set by The Bank of England; as a result the interest rate you receive on a tracker bond may get better or worse depending on changes made to the Base Rate.
Instant Access savings accounts
If you would like to have your savings more readily available to withdraw then an instant access savings account might be a better option for you, they usually offer unlimited withdrawals so you can have quick access to your savings if you need to.
You may also want to consider structured deposits. Similarly to bonds this type of investment requires you to lose access to your savings for a period of time. They tend to offer better potential interest rates than bonds or instant access savers however your interest return is not guaranteed. They work by being linked to an index or indices such as FTSE 100. If over the structured deposit’s duration the index it is tied to performs in the way stated by the plan’s terms and conditions you will receive back your original investment plus interest paid on it. If the index performs differently than how the structured deposit’s terms and conditions stated then you will receive back just your original investment without any interest paid on it. As you risk making no interest gains on this type of investment you should carefully consider beforehand if it is suitable for your needs.
The Nottingham Building Society was founded in 1849 and provides a range of financial products. If you’re looking to tie away some savings for a predefined period of times you might be wondering whether Nottingham Building Society fixed rate bonds enable you to earn a competitive rate of interest on your savings. If you open a fixed rate bond account you may not have access to your savings, and as such, it is important that you are certain you will not require use of your savings for the duration of the term. To view a range of other financial providers that offer fixed rate bond accounts, and see if you can find the right fixed rate bond for you, take a look at the latest deals below: